Nevada Enacts Large Tax Break Package for Tesla Motors

On September 4th, Nevada Governor Brian Sandoval and Tesla Motors CEO Elon Musk announced that Sparks, Nevada has been selected as the official site for the Tesla Gigafactory—a $5 billion dollar and 10 million square-foot lithium battery factory. The state’s package of incentives is worth up to $1.3 billion—the 13th largest governmental giveaway in U.S. history. Upon completion in 2017, the Gigafactory will not only be the largest lithium-ion plant in the world, but it will also be powered by solely renewable energy. This is a substantial step in the direction of a mass-market affordable electric car for two reasons. Continue reading Nevada Enacts Large Tax Break Package for Tesla Motors